Russia’s UralSib in routine cbank check, no bailout talks

MOSCOW, Feb 18 (PRIME) -- Russia’s central bank is only holding a regular inspection of UralSib Bank, one of the country’s top 30 banks, a bank representative told PRIME on Wednesday, denying media reports that the regulator may consider a financial aid to the bank until the end of February, and now it is holding a field audit at the bank.

“The central bank is indeed holding a regular inspection of UralSib, which includes the discussion of the bank’s capital adequacy considering its business plan and the current macroeconomic situation. The bank has received no rulings and its bailout was not discussed,” the representative said adding that the bank has no difficulties with liquidity or capital.

UralSib is included on the list of systemically important banks and on the list of banks whose capital may be increased the mechanism of OFZ federal bonds. The bank’s shareholders are also ready to offer it support if needed, the representative said.

Moreover, the bank is preparing a suit on protection of business reputation against media which had distributed defamatory information.

End